Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 1% – Here’s What Happened

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s share price fell 1% on Wednesday . The stock traded as low as $34.74 and last traded at $34.95. Approximately 3,030 shares changed hands during trading, an increase of 33% from the average session volume of 2,281 shares. The stock had previously closed at $35.30.

Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance

The stock has a market cap of $424.29 million, a PE ratio of 18.37 and a beta of 0.99. The business has a fifty day moving average of $34.88 and a 200-day moving average of $33.34.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC grew its position in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,471 shares of the company’s stock after buying an additional 779 shares during the quarter. Private Advisor Group LLC owned 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent reporting period.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.